Market Overview
The global electronic wet chemical market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Electronic wet chemicals are extensively used in semiconductors and microelectronics for cleaning, stripping and etching processes. The cleaning process refers to removing contaminants from the silicon wafer surface in the pre-fabrication stage. The cleaning process controls the chemically grown oxide layer on the silicon wafer surface. The contaminants on the wafer include particles, inorganic and organic matter and chemical impurities.
Wet etching is a process of etching solid materials into a chemical solution. Wet etching is also used for removing chemical impurities from surface material. The ultrapure electronic grade hydrogen peroxide has wide-ranging applications in the semiconductor and microelectronics industries. Both industries have grown significantly in recent years and this is likely to create growth opportunities for other electronic wet chemicals.
The manufacturing and processing of semiconductor silicon wafers mainly involve wet chemistry, where hydrogen peroxide is used with other chemicals for cost-effective cleaning and etching of contaminants from the wafer surface and controlling the chemically grown oxide layer on the wafer surface.
Market Dynamics
The demand for electronic wet chemicals is mainly driven by the technological advancements in the electronics industry. The stringent health and environmental regulations on electronic wet chemicals are a key factor in limiting the growth of this market.
Technological advancements in the electronics industry
In recent years, market adoption of electronic wet chemicals has risen in the electronics and semiconductor industries. The chemicals are increasingly used in modern technology industries such as new energy, modern communications, computers, information network technology, microcomputer mechanical intelligence systems, industrial automation and home appliances.
Electronic wet chemicals are ultra-pure in nature, due to which they find extensive cleaning and etching applications during semiconductor production and processing. The recent and upcoming commercialization of nanotechnology has boosted the market potential for photoresist and etching chemicals with various advanced features. The increase in the use of semiconductors and integrated chips in the manufacturing of electrical components has given rise to the use of the electronic wet chemicals market in recent years. The increasing technological advancements in the electronics industry are a key driver for the growth of the global electronic wet chemical market.
Stringent health and environmental regulations for chemicals
The microelectronics and semiconductor industries use many chemicals in the fabrication and manufacturing processes. Some of the chemicals include hydrogen, chlorine gas, other flammable gases and various types of solvents that are harmful to the environment and humans. Excessive and prolonged long-term exposure to certain solvents may damage the liver, lungs, kidneys and the reproductive system, as well as increase the risk of cancer.
The continued use of hazardous chemicals in the manufacturing process of microelectronics and semiconductors has led companies to face various stringent regulations and mandatorily follow several rules and laws that directly or indirectly impact the profitability of the businesses. Almost 500 existing laws related to the electronics industry exist in Europe alone. The laws vary, covering different topics ranging from mandatory requirements for energy efficiency, product recycling, usage of refrigerants in a product, usage of the ozone-depleting substances and the usage of conflict minerals in various products.
The semiconductor and microelectronics manufacturer must comply with these regulations to prevent hefty fines and criminal penalties. Compliance with the various regulations has led to a high cost of operation. The regulations add up in the supply chain and the value chain and heavy expenses are incurred with raw material procurement, production, packaging, distribution and disposal of final products. The stringent regulations are a key challenge for the growth of the global electronic wet chemicals market.
COVID-19 impact analysis
The global electronic wet chemical market was highly impacted due to the COVID-19 pandemic. Electronics used in consumer goods and automobiles saw steep declines due to the disruption of manufacturing activities. Lockdowns and other restrictions prompted companies to scale back or suspend operations. Demand from military electronics manufacturers remained steady since governments classified defense equipment manufacturing as an essential industry, granting them exemptions from almost all restrictions.
Healthcare electronics applications saw robust growth. The main reason behind the growth was the increased demand for ventilators and ECMO machines due to the pandemic. Supply chain disruptions caused by the pandemic have hampered the production of electronics. The global electronics industry is not expected to recover until 2022 fully. The volatile situation of the electronics industry will affect the demand for electronic wet chemicals.
The short-term impact of the pandemic has been severe for the electronic wet chemical market. With the lifting of restrictions and general improvement in the pandemic situation, the electronics industries will gradually return to normalcy. The demand for electronic wet chemicals remains strong and is expected to grow gradually in the coming years.
Segment Analysis
The global electronic wet chemical market is segmented into type, application, end-user and region. The electronic wet chemical market is segmented into semiconductors, etching, cleaning, packaging and others based on applications. Semiconductor is leading in this segmentation since it is the most widely used application of electronic wet chemicals. Ultrapure chemicals are used for cleaning and processing semiconductors during various stages of manufacturing. Most chemicals are used as stripper solutions during the intermediate stages of semiconductor fabrication.
Geographical Analysis
Asia-Pacific is leading in the global electronic wet chemical market. The region has a high concentration of electronic industries in different countries. Some of the biggest electronic wet chemical producers are also located in the region. China is one of the largest markets for electronic wet chemicals globally. The major use of electronic wet chemicals in China has been by electronics, semiconductors and automotive industries. South Korea is another major hub for the production of electronics.
Taiwan is also generating significant demand for electronic wet chemicals. The major demand in Taiwan comes from the semiconductors and microelectronics industry since it is one of the top producers in the world. The Asia-Pacific region will continue to retain the largest market share in the global electronic wet chemical market in the coming years.
Competitive Landscape
The global electronic wet chemical market is competitive due to the availability of a wide variety of chemicals that cater to the different requirements of end-users. Some of the major players contributing to the growth in the market are BASF SE, Avantor Inc., CMC Materials, Solvay, Technic Inc., Avient Corporation, Linde PLC, FUJIFILM Holdings Corporation, Eastman Chemical Company, Kanto Chemical Co. Inc. The major market players adopt several growth strategies such as production capacity expansion, entering new regions, collaborations, joint ventures and acquisitions, contributing to global growth in the industry.
BASF SE
Overview: BASF SE is a multinational chemicals company among the largest chemical producers in the world. It produces various chemicals, including pesticides, plastics, industrial solvents, catalysts and coatings. The company operates 390 production sites in more than 80 countries through subsidiaries and joint ventures. BASF SE was founded in 1865 and is headquartered in Ludwigshafen, Germany.
Product Portfolio
2-(2-Aminoethoxy) ethanol is an electronic wet chemical ranging from colorless to yellowish in appearance and an amine-like odor. It is completely miscible in water and is used as an intermediate chemical in various applications. It is mainly used as a stripper solution in microelectronics and semiconductor production.
Key Developments:
In February 2021, BASF SE announced the expansion of production of its electronic wet chemicals to speed up semiconductor production. It was a step in alleviating the global semiconductor shortage caused by logistical delays due to the ongoing global COVID-19 pandemic. The increased production will be mainly handled by BASF SE's factories in the Asia-Pacific region.
Why Purchase the Report?
Visualize the composition of the electronic wet chemical market segmentation by the type, application, end-user and region, highlighting the critical commercial assets and players.
Identify commercial opportunities in the electronic wet chemical market by analyzing trends and co-development deals.
Excel data sheet with thousands of global electronic wet chemical market-level 4/5 segmentation data points.
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Product mapping in excel for the critical product of all major market players
The global electronic wet chemical market report would provide access to an approx.: 58 market data tables, 65 figures and 188 pages.
Target Audience 2022
Electronic wet chemical manufacturers
Semiconductor manufacturers
Microelectronics manufacturers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Table of Contents
1. Global Electronic Wet Chemical Market Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Global Electronic Wet Chemical Market - Market Definition and Overview
3. Global Electronic Wet Chemical Market - Executive Summary
- 3.1. Market Snippet by Type
- 3.2. Market Snippet by Application
- 3.3. Market Snippet by End-User
- 3.4. Market Snippet by Region
4. Global Electronic Wet Chemical Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Technological advancements in the electronics industry
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Stringent health and environmental regulations of chemicals
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
5. Global Electronic Wet Chemical Market - Application Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. Global Electronic Wet Chemical Market - COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. Global Electronic Wet Chemical Market - By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Acetic Acid (CH3OOH)
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Isopropyl Alcohol (IPA) (C3H8O)
- 7.4. Hydrogen Peroxide (H2O2)
- 7.5. Hydrochloric Acid (HCL)
- 7.6. Ammonium Hydroxide (NH4OH)
- 7.7. Hydrofluoric Acid (HF)
- 7.8. Nitric Acid (HNO3)
- 7.9. Phosphoric Acid (H3PO4)
- 7.10. Sulfuric Acid (H2SO4)
- 7.11. Others
8. Global Electronic Wet Chemical Market - By Application
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application Segment
- 8.1.2. Market Attractiveness Index, By Application Segment
- 8.2. Semiconductor
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Etching
- 8.4. Cleaning
- 8.5. Packaging
- 8.6. Others
9. Global Electronic Wet Chemical Market - By End-User
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User Segment
- 9.1.2. Market Attractiveness Index, By End-User Segment
- 9.2. Consumer Goods
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Automotive
- 9.4. Aerospace & Defense
- 9.5. Medical
- 9.6. Others
10. Global Electronic Wet Chemical Market - By Region
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
- 10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.2.6.1. U.S.
- 10.2.6.2. Canada
- 10.2.6.3. Mexico
- 10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.3.6.1. Germany
- 10.3.6.2. UK
- 10.3.6.3. France
- 10.3.6.4. Italy
- 10.3.6.5. Spain
- 10.3.6.6. Rest of Europe
- 10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.4.6.1. Brazil
- 10.4.6.2. Argentina
- 10.4.6.3. Rest of South America
- 10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 10.5.6.1. China
- 10.5.6.2. India
- 10.5.6.3. Japan
- 10.5.6.4. South Korea
- 10.5.6.5. Rest of Asia-Pacific
- 10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11. Global Electronic Wet Chemical Market - Competitive Landscape
- 11.1. Competitive Scenario
- 11.2. Market Positioning/Share Analysis
- 11.3. Mergers and Acquisitions Analysis
12. Global Electronic Wet Chemical Market- Company Profiles
- 12.1. BASF SE
- 12.1.1. Company Overview
- 12.1.2. Application Portfolio and Description
- 12.1.3. Key Highlights
- 12.1.4. Financial Overview
- 12.2. Avantor Inc.
- 12.3. CMC Materials
- 12.4. Solvay
- 12.5. Technic Inc.
- 12.6. Avient Corporation
- 12.7. Linde PLC
- 12.8. FUJIFILM Holdings Corporation
- 12.9. Eastman Chemical Company
- 12.10. Kanto Chemical Co. Inc.
LIST NOT EXHAUSTIVE
13. Global Electronic Wet Chemical Market - Premium Insights
14. Global Electronic Wet Chemical Market - DataM
- 14.1. Appendix
- 14.2. About Us and Services
- 14.3. Contact Us
세계의 일렉트로닉스용 습식 화학제품 시장(2022년)
전자화학 및 전자재료 시장 : 세계 업계 분석, 동향, 시장 규모, 예측(-2027년)
세계의 전자화학 및 전자재료 시장
세계의 전자화학 시장 : 수요＆공급, 종류, 최종 용도, 지역, 판매채널, 경쟁 시장 분석(2015-2030년)
세계의 전자화학 약품 및 재료 시장(2021-2025년)
전자화학 및 전자재료 : 세계 시장 전망(2019-2027년)
세계의 전자화학 및 전자재료 시장 예측(-2025년) : 유형(특수 가스, CMP 슬러리, 전도성 고분자, ·포토레지스트, 저유전율 층간 절연막, 습식 화학제품, 실리콘 웨이퍼, PCB 라미네이트), 용도(반도체, 기타), 지역별
전자기기용 습식 화학제품(웻 케미컬) 시장 : 예측(2020-2025년)
세계의 전자화학 및 전자재료 시장
세계의 전자부품 제조용 습식 화학제품(웨트 케미컬) 시장(-2025년) : 종류, 형태(고체, 액체, 가스), 용도(반도체, IC 패키징, PCB), 최종사용자 산업(소비재, 자동차, 항공우주 및 방위, 의료), 지역별
